A Sudden Decrease in the Retail Sales of May from Pre-COVID Levels

According to the reports of the Retailer Association of India (RAI), there is a 79% decline in the Retail Sales of May in comparison to the Pre-COVID levels in 2019. The major reason behind this fall is the lockdowns imposed in various states. Retailers across different parts of India showing disappointment due to the major reduction. In a Statement, RAI said that various states are likely to open the retail operations in a graded manner.